What the heck is staking? - Crypto in Plain English – Episode 27 - by cryptohunt.it

What the heck is staking? - Crypto in Plain English – Episode 27 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today: What the heck is staking?

Staking is the process of locking up tokens you own within a blockchain network, and getting rewards in return. It's an easy way to generate passive income with your crypto holdings.

Staking is similar to putting money into a savings account and earning interest.

The concept is crucial in blockchains that use "proof of stake", because only participants with staked tokens are trusted to validate transactions, and then allowed to collect the associated rewards.

If you don't want to run a validator yourself, which often involves installing software on a server, you can delegate your tokens to those who are. In return, you'll still get proportional interest payments.

But there is risk! You often have to stake your tokens for a specific amount of time, which means you can't take them out to sell or swap. If the token price decreases while you are staking, you might end up losing more money due to that, than the interest can make up for. On the flip side, if you intended to hold the token, that may not be a problem for you.

And next time we'll give you an overview of the most popular ways to create more passive income with crypto.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

Sam Bankman-Fried pleads “not guilty” - but why? - Episode 333 - by cryptohunt.it

Sam Bankman-Fried pleads “not guilty” - but why? - Episode 333 - by cryptohunt.it

Sam Bankman-Fried pleads “not guilty” - but why? It’s Monday, Jan 9th - Welcome to the Cryptohunt Jam, where we spend a minute a day explaining the intersection of exciting new technologies and your w...

9 Tammi 20232min

Why banks fear crypto so much - Episode 332 - by cryptohunt.it

Why banks fear crypto so much - Episode 332 - by cryptohunt.it

Why banks fear crypto so much Ever wondered why banks never really talk about crypto publicly? Because they are afraid of it. Welcome to the Cryptohunt Jam, where we spend a minute a day explaining th...

6 Tammi 20233min

A critical look at decentralization: Part 3 – Maybe not a good idea after all? - Episode 331 - by cryptohunt.it

A critical look at decentralization: Part 3 – Maybe not a good idea after all? - Episode 331 - by cryptohunt.it

A critical look at decentralization: Part 3 – Maybe not a good idea after all? Welcome to a new year and to the Cryptohunt Jam, where we continue to spend a minute a day explaining the intersection of...

5 Tammi 20233min

A critical look at decentralization: Part 2 – In defense of giving power to the people - Episode 330 - by cryptohunt.it

A critical look at decentralization: Part 2 – In defense of giving power to the people - Episode 330 - by cryptohunt.it

A critical look at decentralization: Part 2 – In defense of giving power to the people Welcome to a new year and to the Cryptohunt Jam, where we continue to spend a minute a day explaining the interse...

4 Tammi 20232min

A critical look at decentralization: Part 1 – The erosion of trust - Episode 329 - by cryptohunt.it

A critical look at decentralization: Part 1 – The erosion of trust - Episode 329 - by cryptohunt.it

A critical look at decentralization: Part 1 – The erosion of trust Welcome to a new year and to the Cryptohunt Jam, where we continue to spend a minute a day explaining the intersection of exciting ne...

3 Tammi 20232min

Did Trump just make millions off an NFT collection? - Episode 328 - by cryptohunt.it

Did Trump just make millions off an NFT collection? - Episode 328 - by cryptohunt.it

Did Trump just make millions off an NFT collection? Welcome to a new year and to the Cryptohunt Jam, where we continue to spend a minute a day explaining the intersection of exciting new technologies ...

2 Tammi 20233min

This blockchain is crushing it behind the scenes - Episode 327 - by cryptohunt.it

This blockchain is crushing it behind the scenes - Episode 327 - by cryptohunt.it

This blockchain is crushing it behind the scenes Welcome to the Cryptohunt Jam, where we spend one minute a day explaining the intersection of exciting new technologies and your world. As always: In p...

30 Joulu 20222min

Starbucks is going crypto… but why? - Episode 326 - by cryptohunt.it

Starbucks is going crypto… but why? - Episode 326 - by cryptohunt.it

Starbucks is going crypto… but why? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining the intersection of exciting new technologies and your world. As always: In plain English....

29 Joulu 20223min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
ostan-asuntoja-podcast
rss-rahamania
herrasmieshakkerit
rahapuhetta
rss-laakispodi
rss-sisalto-kuntoon
rss-sami-miettinen-neuvottelija
leadcast
rss-lahtijat
rss-bisnesta-bebeja
rss-seuraava-potilas
sijoituspodi
rss-karon-grilli
rss-juurisyy-johtamisesta-kilpailuetua
rss-draivi
rss-johtoajatuksia